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RayGen Resources raised $51 million in a Series D round led by Breakthrough Victoria and SLB to bolster manufacturing and engineering capabilities and assist expansion efforts.

PRIVATEApr 22, 2024

Amount Raised

$51 Million

Round Type

Series D

VictoriaManufacturingEnergy

Investors

SlbBreakthrough Victoria

Description

RayGen Resources raised $51 million in a Series D round led by Breakthrough Victoria and SLB to bolster manufacturing and engineering capabilities and assist expansion efforts domestically and internationally.

Quick answer

RayGen Resources raised $51 Million in a Series D round, dated April 22, 2024. Investors: Slb and Breakthrough Victoria. RayGen Resources is based in Victoria, Australia.

How much did RayGen Resources raise?
RayGen Resources raised $51 Million in a Series D round on April 22, 2024.
Who invested in RayGen Resources?
Slb and Breakthrough Victoria are named as investors in this round.
What does RayGen Resources do?
RayGen is an Australian technology business with world-leading capability in the next generation of solar power and electricity storage.
Where is RayGen Resources based and how big is it?
RayGen Resources is based in Victoria, Australia.
Who are the decision-makers at RayGen Resources?
Fundz holds 1 contact at RayGen Resources. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Manufacturing around the same time

Companies in the same sectors as RayGen Resources that raised within 45 days of this round, from Fundz verified event records.

  • Lucid Group raised $1B (Funding Round) on March 25, 2024.
  • Aptera Motors raised $134K (Seed) on June 6, 2024.
  • Microvast Holdings raised $25M (Debt Financing) on June 4, 2024.
  • Hyperion Companies raised $50K (Seed) on June 3, 2024.
  • Gogoro raised $50M on June 3, 2024.
  • Soluna Holdings raised $30M (Funding Round) on May 21, 2024.

Who to call at RayGen Resources, and when

A new round usually means RayGen Resources is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

RayGen Resources

Location

Victoria, Australia

About

RayGen is an Australian technology business with world-leading capability in the next generation of solar power and electricity storage. RayGen’s Solar Power Plant makes renewable energy available on demand with the lowest cost, long duration solar plus storage solution. The Solar Power Plant provides utility-scale, time-shifting energy storage with synchronous generation of high-quality power. The system can also be flexibly located and installed where the grid requires. The Solar Power Plant consists of RayGen’s proprietary PV Ultra (solar co-generation) and Thermal Hydro (electro-thermal storage) technologies.

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RayGen Resources raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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